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globeinterface
#1 Posted : Wednesday, April 22, 2009 10:22:00 PM
Rank: Member

Joined: 6/11/2008
Posts: 8
Safaricom Reverse Split (10:1)

Can anyone suggest that Safaricom does a reverse split on their shares. This way if they do a 10:1 and whoever has 1000 shares can have 100 at Ksh.28. This will reduce the craze buying that is making the damn stock stay at ksh2.80 making it very unattractive to people who make this stocks move up.


Chance favors the prepared mind.
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Impunity
#2 Posted : Thursday, April 23, 2009 6:30:00 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
This could help to realy make stable the share price.Its so cheap mpaka my house help can afford a few thousand shares.

Which is more dirty,the pig or Kenyan mp?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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McReggae
#3 Posted : Thursday, April 23, 2009 7:18:00 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Is a reverse split allowed???

Make money.....then you will enjoy all the fine things in life!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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mukiha
#4 Posted : Thursday, April 23, 2009 7:37:00 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
This matter has been discussed exhaustively here...check the archives...some call it stock consolidation.....

In a nut-shell; the conclusion was that such action would have little effect on the stock....with sh2,800 today I can get 1,000 shares...consolidate the by factor of ten and I can still get 100 shares....which is NOT an odd lot...thus 'small' will still get a chance to play the market.

Problem with SCOM (if indeed it is a problem!!!!!) is not the number of shares,but the number of shareholders-well over 500,000,most of them newcomers who expected windfalls and bought with borrowed money.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Goals
#5 Posted : Thursday, April 23, 2009 11:56:00 AM
Rank: Member

Joined: 10/6/2008
Posts: 118
This share affected the NSE and NASI. the change is price either direction ia material. We needed fewer shares.

I can teach anybody how to get whatever they want out of life. The problem is that I can't find anybody who can tell me what they want.' Mark Twain
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mukiha
#6 Posted : Thursday, April 23, 2009 12:21:00 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Goals,the NSE @) index is NOT capitalisation-weighted. All constituent counters (big or small) carry equal weight! A 10% change in SCOM (Mkt Cap = sh110bn) for example,has equal effect to a 10% change in Sasini (Mkt Cap = sh1.2bn).

I repeat: there are just too many shareholders who purchased with borrowed money.....once they are exhausted,the price will pick up again...assuming other fundametals remain strong....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#7 Posted : Thursday, April 23, 2009 9:34:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Well... the idiots were told that 5/- was overdoing it... ati... 40 billion shares! It should have been around 20/- (to reduce the shares on offer)... also 100 shares is only 280/- (the minimum commission is 100/-)

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#8 Posted : Thursday, April 23, 2009 9:40:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Well... the idiots were told that 5/- was overdoing it... ati... 40 billion shares! It should have been around 20/- (to reduce the shares on offer)... also 100 shares is only 280/- (the minimum commission is 100/-)

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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pm
#9 Posted : Friday, April 24, 2009 1:14:00 PM
Rank: Member

Joined: 11/11/2006
Posts: 60
'Can anyone suggest that Safaricom does a reverse split on their shares.' Exactly my sentimnts,reverse split is imperative ( min 20:1,or better 100:1)also,my observation is that SafariCom is making a bundle which is not bing reflected in the share price ...
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mukiha
#10 Posted : Saturday, April 25, 2009 3:01:00 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@pm; those are serious charges. Any proof?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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